Working Past 65- Avoid Medicare Penalties & Mistakes!

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Most people enroll in Medicare as they turn 65. Your initial Medicare enrollment period is a seven-month window around your birthday month. That is when you are required to enroll in Medicare Part A (inpatient coverage) and Medicare Part B (outpatient coverage) and Medicare Part D (prescription drug coverage.
However, if you or your spouse are actively working past your initial enrollment period AND have creditable employer health insurance through your own employment or your spouse’s, you can delay enrolling in Medicare indefinitely and not be subject to any penalties.

#medigapseminars #Medicare #medicaresupplement

[MattThornton-ogxo]

As an independent agent, I listen to you and subscribe to your channel. I do this to learn. You are a very good teacher and you impress me every time I listen. Thank you

[Anne-yueo]

Thank you so much for clearly explaining this. I feel more confident in understanding it all and not quite as overwhelmed. And thank you for all the tools you provide.

[BrittMFH]

Thank you for your, as always, helpful information. This didn't apply to me but I listen anyway!

[derrickpetitfils]

Thank you for your answer. I have already printed out the CMS L564 sheet for when she retires. Thanks for IRMAA video. I will have a huge increase in 2025 for 2023.

[joycesewald]

Wouldn't it be better to avoid all this confusion if Medicare is required when you apply for social security at either FRA (full retirement age) or if you volunteer to buy Medicare earlier at the earliest date when you turn 65 years old. This would illuminate all the confusion with penalties. Also the rules of eligible coverage of 20 employee is outrageous. This discrimination for small businesses is just unfair. Small businesses also have a group plans.

[marcmakes]

For HSA we have a "Family Coverage HSA" for my spouse and I via my work place that I'm still contributing to it. We were told my spouse MUST sign up for Part A at 65 even though we are still both covered by a creditable employer insurance plan. It seems that was bad information or the rule changed somewhere along the line. No one has ever said we should change our Family HSA to an individual HSA plan. Is that going to be a problem?

[jeanpoulin]

Great videos! Very informative. I turned 67 years old this month and I have Medicare part A but the rest of my coverage is through my wife’s employer which is a national company. My wife will be 65 in November and is planning on retiring at the end of the year. How do I transition to part B, D, medigap N. Is there a certain enrollment time?

[AYoung]

Question regarding Part A: Will Social Security automatically issue a medicare card with the activation date of the turning 65 beneficiary birth month, regardless if they have credible insurance?

[allanmberryjr]

I will be 65 in Feb 25. I would love to talk to you about what to do. I plan to still be working until 67 or 68. Employees are less than 20 in my company. The problem is I live in Mass. Can you still talk to me?

[bigd]

So if I change jobs, at age 67, and have had credible employer coverage with my current employer on both health ins and RX, and my credible employer healthcare and RX coverage wont start for 60 or 90 days at my new employer, than that wouldn't cause a penalty later when I retire and do apply for SS and Medicare? Wouldn't that be a shorter amount of time, without credible coverage, than the 8 months we're allowed to wait to file for Medicare after our employment ends and not be penalized? I'm going to try to keep working until 70, but just not at my current employer, to be able to claim my maximum SS amount. Or am i misunderstanding something?

[derrickpetitfils]

My wife is 67 and currently working and has full healthcare with her job. She will retire in June 2025. Can she signup for Part B and D before she retires?

[WarrenKarberg-xu]

I left medicare for employer ins.because my wife lost her lns. coverage. I was on Medicare for about 9 years before I left .I am still employed and using employer's insurances. I intend to retire next September. My ins. is as good or better then Medicare. My question is will I be able to get a supplemental plan when I retire ?

[AYoung]

question regarding part A: the penalty for not enrolling at their initial enrollment period; only last for a certain amount of years, then does it go away after the time period?

[AYoung]

question regarding Part A activation: Should a beneficiary activate their Part A when they turn 65 regardless if they have credible insurance?

[berkshiregirl]

Are the rules different in Massachusetts?